Asia Aluminum 7.0 Billion Project Is Put Into Aluminum Plate

Transition to high-end aluminum base plate of aluminum from the sub-projects

. Recently, Asia Aluminum's Aluminum in Asia (China) Co., Ltd. down 40 million tons production capacity of plate and strip project was formally put into production, this is Asia's largest and most advanced high-end aluminum sheet items,niobium periodic table, plus two 30 million tons capacity, The total investment reached 70 billion yuan.

Earlier this year, winning in Asia Aluminum Group,niobium, the 6.5 billion yuan high syndicated loans for debt restructuring and out of the quagmire of the painting period, but by the Export-Import Bank of China and China Construction Bank co-led all lent 4 billion yuan for construction and operation of the aluminum sheet with aluminum sub-projects.

Xinhong Jun, vice president of Asia Aluminum Group, said a production capacity of 40 million tons next year, output is 15 million -20 million in annual production capacity of three full compliance. "We estimate that up to 200 billion yuan output value, output value of related industries can be more than 1000 billion yuan, profit of 20%."

The introduction of aluminum sheet aluminum sub-projects include the most advanced "five stand tandem cold mill," "1 +5 hot strip mill",metal materials, "Electromagnetic stirring casting furnace," and elevated the world's largest single warehouse. A main electronic products will be aluminum, aluminum travel use, high-iron sheet and strip products such as canned, are currently highly dependent on imports; the second part of the main product is the cutting-edge aerospace aluminum.

The project is fully operational, sub-aluminum foot in the third part of the world's most sophisticated manufacturers of aerospace aluminum, behind Alcoa and Alcan.

"Product quality has reached international level, the price can be reduced by one third. The initial plan is to gradually end imports of the domestic aluminum current alternative bands." Zhong Dongping disclosed. At present, high-speed rail, aerospace sheet base needs to be imported, only the amount of high-speed rail in the twenty-one million tons, while imports amounted to only 17% VAT.

According to estimates, by 2010 China's consumption of aluminum strip will be close to 600 million tons, net exports will reach 66 million tons,niobium exporter, the total market demand will reach 6.66 million tons, the market size is huge. Strip of aluminum production in 2010 will reach 5.952 million tons.

Source: http://www.mhcmm.com

by: ddew

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